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Maine Real Estate Law Examinations — Sales Agent Exam (Law Portion) — Information & Free Practice

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Maine Real Estate Law Examinations — Sales Agent Exam (Law Portion)

Provider
Pearson VUE
Format
Computer-delivered examination
Exam questions
40 scored items; 5–15 unscored pretest items
Time limit
1.5 hours
Passing score
75 on a scaled score of 0–100
Examination outline
  • I. Maine Real Estate Commission (2 scored items)
    • A. Powers
    • B. Investigations, hearings, appeals
    • C. Sanctions
  • II. Maine Laws and Rules Governing Activities of Licensees (15 scored items)
    • A. Activities requiring a license
    • B. Licensee and brokerage definitions
    • C. Designated broker-sales agent relationship
    • D. Listings/brokerage contracts
    • E. Offers to purchase/sales contracts
    • F. Handling of monies
    • F.1. Earnest money
    • F.2. Trust accounts
    • G. Material disclosures
    • G.1. Disclosure requirements
    • G.2. Maine-specific mandated property disclosures
    • G.2.a. Water supply
    • G.2.b. Heating systems
    • G.2.c. Waste disposal
    • G.2.d. Hazardous materials
    • G.2.e. Flood risk
    • G.2.f. Access to property
    • H. Commissions
    • I. Market analysis
    • J. Advertising
    • K. Other
  • III. Law of Agency/Brokerage (10 scored items)
    • A. Types of agency relationships (buyer, seller, appointed, disclosed dual, and sub-agency)
    • B. Agency/brokerage contracts
    • C. Obligations to clients and customers
    • D. Creation and termination of agency relationships
    • E. Disclosures (incl. Real Estate Brokerage Relationships form) and acting in self-interest
    • F. Transaction brokerage
  • IV. Maine-Specific Principles and Practices (8 scored items)
    • A. Property ownership and transfer
    • A.1. Types of ownership
    • A.2. Methods of transfer
    • A.3. Adverse possession
    • A.4. Recording system
    • A.5. Transfer tax
    • A.6. Nonresident withholding tax
    • B. Sources of information in Maine
    • C. Maine Landlord-Tenant Act
    • D. Condominium law
    • E. Closings
  • V. Maine Land-Use Law (5 scored items)
    • A. Subdivisions (Title 30-A)
    • B. Mandatory Shoreland Zoning (Title 38)
    • C. Site Location of Development (Title 38)
    • D. Underground Oil Storage Tanks (Title 38)
    • E. Other land use topics
    • E.1. Minimum lot size (Title 12)
    • E.2. Land Use Planning Commission (Title 12) and Department of Environmental Protection (Title 38)
    • E.3. Open Space Tax Law and Tree Growth Tax Law (Title 36)
    • E.4. Protection of Natural Resources (Title 38)
    • E.5. Transfers of Shoreland Property (Title 30-A)
Examination sources